The genesis whale of $HYPE just moved a whopping 576.148 HYPE, locking in over $44 million in profits.
On-chain data reveals that a HYPE genesis whale transferred the full 576.148 HYPE, valued at around $35.28 million, to a centralized trading platform.
Estimates suggest this address has recorded profits exceeding $44.34 million from its HYPE investment.
The move to transfer the entire token stash to the trading platform might indicate an intention to cash out, but it's not confirmed whether these assets have actually been sold yet.
Transactions from large wallets like this are closely monitored by the market since they can significantly impact sentiment and short-term liquidity.
On-chain data reveals that a HYPE genesis whale transferred the full 576.148 HYPE, valued at around $35.28 million, to a centralized trading platform.
Estimates suggest this address has recorded profits exceeding $44.34 million from its HYPE investment.
The move to transfer the entire token stash to the trading platform might indicate an intention to cash out, but it's not confirmed whether these assets have actually been sold yet.
Transactions from large wallets like this are closely monitored by the market since they can significantly impact sentiment and short-term liquidity.